NU Online News Service, June 24, 3:01 p.m. EDT
Besides the financial market crisis, the top business risks multinational insurers face this year are failures to recognize model shortcomings and possible impacts from sweeping regulatory reforms, a report found.
The study by New York-based Ernst & Young consulting firm, titled "Second Annual Business Risk Report–Insurance 2009," puts the financial crisis as the most significant factor facing the industry. "The consequences have been so profound that they are likely to shape the industry for the next 10 years," according to the report.
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